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$4$ OF $19$ QUESTIONS REMAINING

Nish's Products Ltd is trying to forecast Accounts Receivable. On Jan $1,2016$ it has $$200$ in Accounts Receivable. On average, $10\%$ of sales are collected at the time of sale and $90\%$ are collected the following month. Monthly Sales are provided below.

$\backslash$table$[[,2015,2016,,,,,],[,$Dec,,Jan,,Feb,,Mar,,$],[$Sales$,$$$,400,$$$,350,,200,$$$,150,$e$],[\backslash$table$[[$Accounts Receivable$],[($Month Ending$],[$Balance$)]],$$$,200,,,,,,,]]$

The closing balance for Account Receivable at the end of January, February and March respectively are

$($A$)$ $$200,$$$20,$$$155$

$($B$)$ $$120,$$$155,$$$20$

$($C$)$ None of these answers are correct

$$155,$$$25,-$$$25$

$($E$)$ $$155,$$$20,-$$$25$

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